The Indian government has recently imposed a 12% safeguard duty on certain alloy and non-alloy steel flat products in a bid to protect the local steel industry from a rise in cheap imports. This move, which has been praised by the Union Minister, is designed to ease the burden on domestic producers, especially small and medium enterprises (SMEs), who have been grappling with market disruptions caused by a surge in foreign steel imports. The safeguard duty is expected to provide relief to Indian steel manufacturers by making imported steel products less competitive in the market. This decision comes as part of the government’s efforts to support and promote the growth of the domestic steel industry in India. The imposition of safeguard duty is aimed at creating a level playing field for local steel producers and preventing them from being undercut by imports. By taking this step, the government hopes to boost the competitiveness of Indian steel companies and safeguard the interests of the domestic industry. The move is likely to have a positive impact on the steel sector in India, helping it recover from the challenges posed by increased imports and ensuring its long-term sustainability and growth.